YZJ Shipbuilding wins US$126m in new orders from SITC

With these latest order wins, the group has secured new orders for 23 vessels worth approximately US$700 million so far this year, it said.

YZJ Shipbuilding chairman and chief executive officer Ren Letian said:"This is the fourth batch of orders that SITC placed with Yangzijiang, and it is an endorsement from SITC on the quality of our vessels and customer service... Separately, the group noted that maritime consultancy Sea Intelligence has reversed its bearish forecast for the boxship industry, and now forecasts that global container liners could see a total profit of US$10.7 billion to US$15.4 billion for 2020, compared to US$5.9 billion for 2019.

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